For sale

$359,000

Est. $2,344/mo —

•

4 ba

•

8,718

sq ft

123 N Bailey St, Cheboygan, MI 49721

About this home

Historic charm and income potential come together at this impressive 6 unit brick building just a short walk from downtown Cheboygan. Offering approximately 7,500 square feet, the property features six potential rental units, a garage, and an additional office space that may offer further rental potential. The solid brick construction, architectural character, and history within the Cheboygan community make this a truly distinctive property. Located within walking distance of downtown shops, restaurants, services, and the waterfront, the location adds to its appeal. Whether you are an investor looking to expand your rental portfolio or an owner seeking a unique property with income potential, 123 Bailey Avenue offers space, character, and opportunity in a desirable Cheboygan location.

CondoProperty Type

0.89 acresLot Size

$41Price/Sq.Ft.

3 car garageParking

Listed by Billie Desy • COLDWELL BANKER SCHMIDT CHEBOYGAN

Listed by Tonya Schryer

Listing updated: Oct 26, 2026 at 10:44am

Redfin checked: a few seconds ago

•Source:WWMLS #201841352

Payment calculator

$2,344 per month

Principal and interest$1,959

Property taxes

$259

HOA dues

Home insurance

$126

Utilities

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Affordability tools

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Open houses

No upcoming open houses.

Around this home

Schools

K - 12
Preschool & daycare

East Elementary School

Public K-3 • Assigned • 0.7mi

Cheboygan Area High School

Public 8-12 • Assigned • 1.1mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

123 N Bailey St · $359,000

DAYS ON MARKET

The average home goes pending in 19 days.

SALE-TO-LIST

Most homes are selling 0% below list price.

LIST PRICE

Median list price in this area is $215,000. (40% lower than this home)

Property details

Interior
Exterior
Utilities
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Partial, unfinished basement

Kitchen
Dishwasher, electric range, refrigerator

Laundry & utility
Main-level laundry
Dryer
Gas water heater

Flooring
Hardwood, vinyl

Heating & cooling
Forced-air and hot-water heating
Natural gas heating
Ceiling fans
No cooling

Sale and tax history for 123 N Bailey St

Sale History
Tax History

Date

Event

Price

WWMLS #201841352

Oct 18, 2026

Price Changed

$359,000

$41/sq ft

Oct 5, 2026

Price Changed

$379,000

$43/sq ft

Oct 1, 2026

Relisted

—

Jul 13, 2026

Contingent

—

Jul 7, 2026

Listed

$399,000

$46/sq ft

WWMLS #297116

Aug 3, 2015

Sold

$105,000

$12/sq ft

Jun 1, 2015

Listed

$119,000

$14/sq ft

+17

WWMLS #290136

May 6, 2014

Listed

$119,000

$14/sq ft

Public Records

Jan 25, 2002

Sold

$155,000

$18/sq ft

Public record

Beds

Baths

2.5

Stories

—

Lot width

—

Lot depth

—

Lot size

0.89 Acres

Year renovated

—

Finished Sq. Ft.

4,114

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,114

Year built

1953

Style

Single Family Residential

County

Cheboygan County

APN

054-H22-004-005-00

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 89° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Cheboygan, MI • 49721

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

89/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

5.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 123 N Bailey St

$344,652

$14K under list price of $359K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $183K to $422K.

SOLD JUL 14, 2026
$230,000 Last sold price
4 beds2 baths1,840 sq ft
602 Garfield Ave, Cheboygan, MI 49721
$84/sq ft
smaller lot
no basement
SOLD SEP 18, 2026
$183,000 Last sold price
3 beds1 bath1,468 sq ft
214 S F St, Cheboygan, MI 49721
$84/sq ft
smaller lot
no basement
SOLD AUG 26, 2026
$294,000 Last sold price
3 beds1.5 baths1,752 sq ft
635 Snow Apple Ct, Cheboygan, MI 49721
$127/sq ft
smaller lot
SOLD JUL 20, 2026
$379,900 Last sold price
3 beds2 baths3,010 sq ft
5159 S River Rd, Cheboygan, MI 49721
$85/sq ft
larger lot
SOLD JUL 24, 2026
$422,000 Last sold price
3 beds1.5 baths2,847 sq ft
425 Maxwell Rd, Cheboygan, MI 49721
$107/sq ft
larger lot
SOLD JUL 24, 2026
$328,500 Last sold price
3 beds2 baths1,600 sq ft
1303 Coulson Dr, Cheboygan, MI 49721
$164/sq ft
smaller lot
no basement

Rental earnings

Est. $3,279 per month, based on comparable rentals

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Early Access listings

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New listings for sale in 49721

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3D WALKTHROUGH

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Custom woodwork • Built-in cabinetry • Heated garage

$199,900

3 beds2 baths2,200 sq ft

220 N Ball St, Cheboygan, MI 49721

7,405 sq ft lot • Listed 9 days

$1,075,000

6 beds4 baths2,399 sq ft

3687 White Goose Dr, Cheboygan, MI 49721

Dock included • 0.41 acre lot • 2 garage spots

$165,000

2 beds1 bath1,235 sq ft

1220 Court St, Cheboygan, MI 49721

New boiler system • Water heater • New roofs

FOR SALE BY OWNER

$165,000

3 beds1 bath— sq ft

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Large basement • Enclosed sun room • Nice sized yard

Details provided by WWMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 123 N Bailey St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 123 N Bailey St

Early Access listings

Nearby similar homes

New listings for sale in 49721

More real estate resources